24 Hrs
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Oil drops as Russian diesel expected
Oil prices fell by about 2%, after reaching their highest level in nearly a month, amid anticipation of Russian diesel supplies, which Russia announced it has approved for export to global markets. There were also reports of additional supplies that could help ease the worldwide fuel shortages. This comes despite ongoing concerns over the fragility of energy infrastructure and shipping routes in the Gulf due to Houthi attacks on airports and tankers, and the impact this has on the stability of the oil market.
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